HomeMy WebLinkAbout1025 RESOLUTION #1025
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE
TOWN OF LOS ALTOS HILLS ENDORSING THE REVENUE BOND ISSUE
OF THE SANTA CLARA VALLEY WATER DISTRICT
WHEREAS, the Santa Clara Valley Water District has called an election
to be held on May 31, 1977 seeking authority to issue $56,000,000 of Revenue
Bonds to improve its water service to levels consistent with the Master Plans
of the Cities and the County of Santa Clara; and
WHEREAS, Revenue Bonds will place no burden upon property taxes or upon
residents not benefited but will be repaid only by the revenues of the water
enterprise so funded; and
WHEREAS, a bond issue for such funding will spread the cost thereof to
future as well as present water users; and.
WHEREAS, the major improvements to be funded are required to take
advantage of the Federal San Felipe Water Project which has had the final approval
of the administration of President Carter;
NOW, THEREFORE, be it resolved by the City Council of the City of the Town
of Los Altos Hills that the said proposed Issue of Revenue Bonds by Santa Clara
Valley Water District is endorsed and that approval thereof by the voters of the
District is urged.
REGULARLY PASSED AND ADOPTED this 20th day of April , 1977.
APPROVED:
ATTEST:
Ma or
C'ty Cler
I HEREBY CERTIFY that the foregoing is a true and correct copy of a
Resolution duly passed and adopted by the City Council of the Town of Los Altos
Hills on the 20th day of April , 1977.
ATTEST:
City Clerk